While many investors feel that the Indian stock market indices are expected to be bullish due to positive investor sentiment after the US Federal Reserve’s interest rate cut, let’s take a closer look at how experts view this much-anticipated event. Finally, the US Federal Reserve cut its policy rates by 50 bps in September 2024, …
On September 24, 2024, SpiceJet Limited announced the successful resolution of its dispute with Engine Lease Finance Corporation (ELFC) through an amicable settlement. ELFC had initially claimed $16.7 million, but the parties agreed on an undisclosed settlement amount that was lower than the original claim. This resolution signifies a crucial step in SpiceJet’s efforts to …
Puravankara Limited informed the stock exchanges that the company is set to host the ‘Purva NRI Home Fest’, a specialised event aimed at Non-Resident Indians (NRIs) in Dubai. This 2-day event will take place at the prestigious Shangri-La Dubai from September 28 to 29, 2024, running from 10:00 AM to 8:00 PM each day. The …
On September 24, 2024, Granules India Ltd, a major pharmaceutical company from Hyderabad, launched its Mobile Cancer Screening Unit at AIG Hospitals. This initiative, led by the Granules Trust in collaboration with the Asian Medical Foundation, UC Breast Foundation, and AIG Hospitals, aims to improve cancer detection and treatment in underprivileged communities. The new mobile …
On September 24, 2024, Balu Forge Industries Ltd, a prominent precision engineering company engaged in manufacturing of crankshafts & forged components, announced the successful acquisition of 7 Axis CNC machines, which are designed for critical applications in industries such as aerospace, defence, and railways. This new equipment will enhance the company’s ability to produce precision-engineered …
The shipping industry is crucial for global trade and transportation, attracting investors due to its consistent demand and growth prospects. Companies in this sector gain from rising global trade, new technologies, and strong market demand. As the world becomes more interconnected, the need for efficient shipping solutions continues to grow, keeping the industry strong. Investing …
On September 24, 2024, Larsen & Toubro’s Power Transmission & Distribution (PT&D) division secured new contracts in the Middle East to expand and strengthen high-voltage electricity grids. Saudi Arabia L&T has been awarded contracts to set up ±500kV High Voltage Direct Current (HVDC) transmission links, interconnecting different regions of Saudi Arabia’s national electricity network. This …
On September 24, 2024, Sterling and Wilson Renewable Energy Limited announced the receipt of two significant domestic orders from Private Independent Power Producers (IPPs), collectively valued at approximately ₹512 crore. The first order involves the Engineering, Procurement, and Construction (EPC) of a 200 MW AC/250 MWp DC photovoltaic (PV) plant for a solar project in …
RattanIndia Enterprises Limited announced the successful launch of its electric mobility arm, Revolt Motors’ new RV1 and RV1+ electric motorcycles. These models have garnered over 16,000 bookings within the first week, showcasing the high demand and excitement surrounding India’s first commuter electric motorcycle. The RV1 was officially launched on 17th September 2024 by Hon’ble Nitin …
Easy Trip Planners Limited, in collaboration with Bank of Baroda, has introduced the Bank of Baroda EaseMyTrip Co-branded Travel Debit Card, aimed at frequent travellers and lifestyle enthusiasts. This is the first co-branded travel debit card launched by a public sector bank, offering a host of attractive benefits. Cardholders can enjoy exclusive discounts on travel …
